BSP to focus on addressing inflation as peso stabilizes

Bangko Sentral ng Pilipinas (BSP) Governor Felipe Medalla has said  that with the peso now stabilizing against the United States dollar, they will focus their attention in addressing the elevated inflation rate, which is expected to return to within-target levels by October 2023. Addressing the recent Chamber of Thrift Banks (CTB) general membership meeting in Makati, Medalla said monetary authorities are not worried…

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Australian gov’t to help PH attract more infra investments

Through and under a scheme interestingly referred to as Partnerships  for Infrastructure (P4I) program, the Australian government has committed to help the Philippines attract and lure investments in key infrastructure projects in the country. At the P4I launch in Pasay City last Friday, Australian Ambassador to the Philippines Hae Kyong Yu PSM said the program will provide infrastructure advisory support to the Philippine government especially in choosing what type…

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Legarda: Oil spill-affected communities need more support

MANILA – Senate Pro Tempore Loren Legarda has appealed for more assistance for the residents affected by the recent Miindoro Oriental oil spill tragedy that has been impacted various coastal areas in Western Visayas and Mimaropa region. Legarda said support for resident of the communities affected by the oil spill is vital. She vowed to continue “pushing for the needed support for those affected by the oil spill.” Legarda’s office has partnered with the Department of…

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PH, China: SCS differences to be managed thru diplomacy only

The Philippines and China have agreed to manage their differences and handle emergencies on the South China Sea (SCS) through “friendly consultations,” only. The Department of Foreign Affairs (DFA), in a statement, said both sides have agreed to explore ways to advance maritime cooperation “directed at confidence-building and managing tensions” during the 7th Bilateral Consultations Mechanism (BCM) in Manila….

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